KKR to Establish $2 Billion Strategic Partnership with HASI to Invest in Sustainable Infrastructure Projects
05.08.24
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Simpson Thacher is representing KKR in connection with its agreement with Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI”) under which the parties will establish CarbonCount Holdings 1 LLC (“CCH1”) to invest up to a combined $2 billion in climate positive projects across the United States. KKR and HASI will each make an initial capital commitment of up to $1 billion to CCH1, and invest up to an aggregate of $2 billion in clean energy assets over the next 18 months. HASI will source the investments for and manage CCH1, interface with clients, and measure the avoided emissions of all investments in CCH1. At close, CCH1 will be seeded with assets representing approximately 10% of the up to $2 billion total committed amounts.
The Simpson Thacher team includes Breen Haire, Katy Lukaszewski, Ana Sanchez, Jack Traylor, Jeremy Loutensock and Jack Davis (M&A); Amy Beller (Banking and Credit); and Nancy Mehlman, Ruoxi Zhang and Sean Largey (Tax).